HEICO Extends Credit Facility
HEICO Corporation (NYSE: HEI) today announced that it has extended its $670 million revolving credit facility (the "Facility") until December 2017, which is an additional year beyond the previous 2016 expiration date. Further, certain other covenants were amended to provide additional financial flexibility.
The Facility is lead-managed by SunTrust Bank, Bank of America, N.A. and Wells Fargo Bank, National Association. The Company entered into the Facility in December 2011 as a replacement to its prior $300 million revolving credit line and it utilizes the Facility for acquisitions and other corporate needs.
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